Tex. Spec. Dist. Local Laws Code Section 3904.204
Authority to Borrow Money and to Issue Bonds

(a)

The district may borrow money on terms determined by the board. Section 375.205 (Approval by Attorney General; Registration), Local Government Code, does not apply to a loan, line of credit, or other borrowing from a bank or financial institution secured by revenue other than ad valorem taxes.

(b)

The district may issue bonds, notes, or other obligations payable wholly or partly from ad valorem taxes, assessments, impact fees, revenue, contract payments, grants, or other district money, or any combination of those sources of money, to pay for any authorized district purpose.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1266 (S.B. 1882), Sec. 1, eff. June 17, 2011.

Source: Section 3904.204 — Authority to Borrow Money and to Issue Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3904.­htm#3904.­204 (accessed Jun. 5, 2024).

3904.001
Definitions 3904.002
Nature of District 3904.003
Purpose 3904.004
Findings of Benefit and Public Purpose 3904.005
Initial District Territory 3904.006
Eligibility for Inclusion in Special Zones 3904.007
Applicability of Municipal Management Districts Law 3904.008
Construction of Chapter 3904.051
Governing Body 3904.052
Appointment of Voting Directors 3904.054
Nonvoting Directors 3904.055
Quorum 3904.056
Compensation 3904.101
General Powers and Duties 3904.102
Improvement Projects and Services 3904.103
Development Corporation Powers 3904.104
Nonprofit Corporation 3904.105
Agreements 3904.106
Law Enforcement Services 3904.107
Membership in Charitable Organizations 3904.108
Economic Development 3904.109
Parking Facilities 3904.110
Annexation or Exclusion of Land 3904.111
Strategic Partnership Agreement 3904.112
No Eminent Domain Power 3904.151
Disbursements and Transfers of Money 3904.152
Money Used for Improvements or Services 3904.153
Petition Required for Financing Services and Improvements with Assessments 3904.154
Method of Notice for Hearing 3904.155
Assessments 3904.156
Residential Property Not Exempt 3904.157
Competitive Bidding 3904.158
Tax and Assessment Abatements 3904.201
Elections Regarding Taxes and Bonds 3904.202
Operation and Maintenance Tax 3904.203
Contract Taxes 3904.204
Authority to Borrow Money and to Issue Bonds 3904.205
Taxes for Bonds 3904.206
Bonds for Recreational Facilities 3904.251
Authority to Establish Defined Areas or Designated Property 3904.252
Procedure for Election 3904.253
Declaring Result and Issuing Order 3904.254
Taxes for Services, Improvements, and Facilities in Defined Areas or Designated Property 3904.255
Issuance of Bonds for Defined Areas or Designated Property 3904.301
Municipal Annexation
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Accessed:
Jun. 5, 2024

§ 3904.204’s source at texas​.gov